- Hiruki Nakamura
- 31 Jul, 2013
- New York City
In volatile trading indexes closed down for the second day this week and fell 1.3% in the month. Honda Motor net declined. Takara Holdings plunged 10% on quarterly loss. Hitachi Ltd revised its first-half estimate by 50%. KDDI net surged 90%.
- Mukesh Buch
- 31 Jul, 2013
- New York City
BP net swung to a profit. Cummins net plunged 11%. Comcast net soared 28% and Exelon profit surged 71%. Humana net climbed 18%. Hess net surged 161%. MasterCard net soared 19%.
- Nigel Thomas
- 31 Jul, 2013
- New York City
BP net swung to a
- Marcus Jacob
- 31 Jul, 2013
- New York City
Australian indexes closed higher and finished the month with a surge of 5.2%. Precious metals and resource sector stocks were in focus in the month after gold price trended lower and more mining companies delay new projects and cut spending. Potash price collapse will put a new hurdle to BHP plans.
- Mukesh Buch
- 31 Jul, 2013
- New York City
Bharti Airtel net dropped but revenues climbed. HCL Tech profit soared as revenue jumped. ICICI Bank net climbed 25% and non-performing assets surged. IFCI profit plunged 41% as revenues declined 16%. JSW Steel swung to loss. MCX net declined 7%.
- Nichole Harper
- 30 Jul, 2013
- New York City
U.S. stocks traded higher on better than expected earnings from Eastman Chemicals and Herbalife and Goodyear Tire. Community Health agreed to buy Health Management for $3.9 billion. Potash market was rocked after a Russian cartel collapsed and stock price of three leading makers in North America plunge.
- Mukesh Buch
- 30 Jul, 2013
- New York City
Aetna revenue and profit soared. Coach quarterly net declined 12%. Chrysler cuts profit outlook and shipment. Fidelity net plunged 30% and Pfizer surged more than four-fold. Sprint net loss widened and Western Union net plunged 27%.
- Hiruki Nakamura
- 30 Jul, 2013
- New York City
Investors focused on earnings and the direction of yen trading. Kawasaki Kisen Kaisha soared on earnings outlook, Softbank reported a rise in subscriber base after close and Daiwa Securities reported record first-quarter earnings. Industrial production decreased 3.3% in June.
- Nigel Thomas
- 30 Jul, 2013
- New York City
Barclays net in first-half swung to
- Marcus Jacob
- 30 Jul, 2013
- New York City
Australian indexes rebounded from the low and barely closed higher after supportive comments from Reserve Bank governor. New home approvals in Australia plunged 13% from a year ago. Leighton won a $2.8 billion contract to build casino in Macau.
- Mukesh Buch
- 30 Jul, 2013
- New York City
City Union Bank net climbed. Geometric profit soared 39% as revenue jumped. Havells India net soared 18%. IPCA Laboratories net surged 67%. Jaypee Infratech profit in the first quarter plunged 61% and Merck net declined 17%.
- Nichole Harper
- 29 Jul, 2013
- New York City
U.S. market indexes were on the decline and index of pending existing home sales fell from a seven year high. Banks and financial stocks gained. On merger Monday, Saks agreed to a $2.4 billion deal. Two advertising giants, France based Publicis and New York based Omnicom agreed to merge.
- Hiruki Nakamura
- 29 Jul, 2013
- New York City
Stocks in Tokyo fell sharply after investors turned cautious ahead of the flood of earnings in the week and the yen gained. Investors also shied away from risk assets as lawmakers are not scheduled to meet for the next six weeks.
- Mukesh Buch
- 29 Jul, 2013
- New York City
CNA Financial net jumped 17%. Franklin Resources net fell 3%. Loews net climbed nearly four-fold. Perrigo agreed to acquire Elan Corp for $8.6 billion. Saks agree to be acquired by Hudson''s Bay Co for $2.9 billion. Roper net slid 3% and Wynn Resorts profit dropped 6%.
- Nigel Thomas
- 29 Jul, 2013
- New York City
Danone said underlying net income for the period slid 1%. Essilor agreed to acquire its stake in Transitions Optical venture from PPG. Hiscox profit for the period surged 27% to